Peering Into Marathon Oil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marathon Oil's short interest has fallen by 9.89%, with 11.59 million shares sold short, representing 2.37% of its float. This is lower than the peer group average of 7.00%. The decrease in short interest may indicate a more bullish sentiment among investors.
July 05, 2024 | 2:58 pm
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Marathon Oil's short interest has decreased by 9.89%, now at 2.37% of its float, which is below the peer average of 7.00%. This reduction in short interest may indicate a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Marathon Oil, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is significantly lower than the peer group average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100